Malaysian SMEs should join Alibaba’s Singles’ Day sale

Local small and medium enterprises (SMEs) are urged to get onboard China’s biggest e-commerce platform, Alibaba Group Holdings Ltd, and take advantage of the newly launched Digital Free Trade Zone (DFTZ) to expand their business horizon abroad.

Minister of Transport Datuk Seri Liow Tiong Lai said via Alibaba, local SMEs could also be part of the Singles’ Day sale and promotion that is held every Nov 11.

fusionex ivan teh

For example, the China-based company recorded US$25 billion (RM102.88 billion) in sales during the last Singles’ Day sale, joined by as many as 60,000 international brands and merchants.

“As such, our SMEs must quickly get onboard the Alibaba platform so that we also can participate in the Singles’ Day sale next year. I am confident that it will be another sales record,” he said after launching the Ninth Pikom Leadership Summit in Kuala Lumpur yesterday.

He said that Malaysia’s e-commerce operator, Lazada, also experienced explosive growth in Malaysia and across the region, racking up RM96 million in sales via 6.5 million items ordered during the one day sales event.

On the Singles’ Day sale, Shopee has generated an increase in search interest by 71.4%, following by 11street (66.7%), Hermo (50%) and Zalora (25%).

“Based on the search interest on Nov 11, the five most popular e-commerce (platforms) in Malaysia are Lazada, Shopee, 11street, Zalora and Hermo,” Liow said.

The DFTZ that was launched early this month by Prime Minister Datuk Seri Mohd Najib Razak together with Alibaba founder Jack Ma, is expected to provide 1,972 Malaysian SMEs the opportunity to sell their products online.

Liow added that the DFTZ will position Malaysia as the regional e-fulfilment hub for Asean consumers.

He said the existence of phase 1 of the DFTZ facility should be fully capitalised by local players to deliver their products to the Chinese market.

“Cainiao Network (Technology Co Ltd) and Malaysia Airports Holdings Bhd will set up a 24ha e-fulfilment hub in phase 2 of DTFZ, slated to be operational by 2020,” he said.

The ministry has also targeted to increase air cargo volume in Kuala Lumpur International Airport up to three million tonnes by 2050, compared to the current 726,000 tonnes.

Meanwhile, at the launch, Liow also witnessed a tripartite memorandum of understanding (MoU) between Pikom (National ICT Association of Malaysia), CyberSecurity Malaysia and Fusionex Corp Sdn Bhd to enhance information and communications technology and data security.

Fusionex MD Datuk Seri Ivan Teh said the MoU would pave the way to accelerate the rate of big data analytics in Malaysia.

He said the MoU will see both parties working together to provide training in the area and encouraging the building of data skillsets within the workforce.

“It will be the push needed to create, educate and inspire a new generation of data professionals in line with the MDEC’s (Malaysia Digital Economy Corp) aim to have 20,000 data professionals by 2020,” he said. https://www.youtube.com/watch?v=FQ5tpqyQVOs

Fusionex named as ‘Major Player’ for BDA in IDC report

IDC MarketScape has recognised Fusionex as a ‘Major Player’ in an IDC report.
The first ever IDC MarketScape for Asia/Pacific Big Data and Analytics Platform 2017 Vendor Assessment report assesses the big data and analytics solutions available in the market among global vendors present in Asia/Pacific (excluding Japan) and identifies their strengths and challenges.
Fusionex, a data technology provider specialising in big data analytics, artificial intelligence and the Internet of Things, is the only ASEAN originating company listed in the IDC MarketScape report.

Ivan Teh
Each brand was evaluated based on their big data and analytics solutions, ranging from big data management, integration platforms, and analytics tools to cognitive/AI software capabilities.
Fusionex international CEO Ivan Teh says, “It is an honour for Fusionex to be acknowledged in the IDC MarketScape report as a Major Player for Asia Pacific big data analytics and data technology solutions.”
The report states that “Fusionex has better operations in, and a better understanding of, Southeast Asia compared with many other vendors in the region. It also has a strong grip on the operational needs of the retail and manufacturing sectors in this region.”
According to IDC the research “provides an analysis of each vendor within areas of solution utilisation, solution ubiquity and solution intelligence and how they can help organisations stay focused on core capabilities, including performance, governance, usability, localisation, and customisation as well as be prepared to foray into leveraging their data for increased utilisation, ubiquity and intelligence.”
The competition for this title is high and the margins between ‘Major Players’ and ‘Leaders’ are narrow, and with the rapid evolution of big data analytics technology organisations will need to stay sharp in order to maintain their place within their category.
“Today, data management and analytics have become a necessity in any industry – not just to thrive but also to remain relevant as well as to survive,” Teh adds.

“Fusionex GIANT’s humanised visualisation and powerful engine enables anyone, from business analysts, IT professionals, data scientists, and C-level executives, to unearth insights from their data. Essentially our technology puts the power of analytics and insights into the hands of our customers without over-complicating matters. We will continue to invest in various avenues to help more organisations across the region and the world benefit from the adoption of Big Data Analytics. We want to help enable companies to become data-driven organisations, where they can process and analyse data at speed and at scale for a better tomorrow.”

Read more at : https://channellife.com.au/story/fusionex-named-major-player-bda-idc-report/